2021-06-14T18:12:24-05:00 2020-12-31 911397083 HEARTHSTONE CPA GROUP PS 4312 KITSAP WAY SUITE 102 BREMERTON WA 98312 990 2020-01-01 910757660 BAINBRIDGE PUBLIC LIBRARY BAIN 2068424162 PO BOX 11815 BAINBRIDGE ISLAND WA 98110 ERIC R WEISSMAN BOARD TREASURER 2068424162 2021-06-01 1 ERIC WEISSMAN 999009999 MIKE LIND CPA P01339785 3604794611 2021-06-01 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ERIC R WEISSMAN PO BOX 11815 BAINBRIDGE ISLAND WA 98110 533597 0 X WWW.BAINBRIDGEPUBLICLIBRARY.ORG X 1960 WA THE ORGANIZATION'S MISSION IS TO ENSURE A VIBRANT COMMUNITY SPACE DEDICATED TO THE JOY OF READING, THE DISCOVERY OF IDEAS, AND THE POWER OF INFORMATION BY OWNING, OPERATING AND MAINTAINING THE LIBRARY BUILDING AND GROUNDS. THE FACILITIES WERE DONATED BY THE PEOPLE OF BAINBRIDGE ISLAND IN 1961 AND CONTINUE TO BE FUNDED BY CONTRIBUTIONS RAISED THROUGH EFFORTS OF THE BOARD OF DIRECTORS. THE LIBRARY IS OPERATED BY KITSAP REGIONAL LIBRARY, A SEPARATE INDEPENDENT ORGANIZATION, WHICH PROVIDES MATERIALS, STAFF, AND TECHNICAL AND ADMINISTRATIVE SUPPORT. 13 13 0 48 1926 795 270696 312915 0 0 83381 72718 6178 2862 360255 388495 0 0 0 0 0 0 0 0 2356 393502 315585 393502 315585 -33247 72910 5869239 6117018 68768 8660 5800471 6108358 X THE ORGANIZATION'S PRIMARY MISSION IS TO ENSURE A VIBRANT COMMUNITY SPACE DEDICATED TO THE JOY OF READING, THE DISCOVERY OF IDEAS, AND THE POWER OF INFORMATION BY OWNING, OPERATING, AND MAINTAINING THE LIBRARY BUILDING AND GROUNDS. 0 0 295459 IHLAND WAY RENTAL PROPERTY MAJOR ACCOMPLISHMENTS IN 2020: COMPLETED MAJOR PERIODIC MAINTENANCE INCLUDING REPLACED ROOFS, PAINTED EXTERIORS AND MADE RELATED REPAIRS ON BOTH BUILDINGS. STABILIZED RENT ROLL. RETIRED MORTGAGE.LIBRARY MAJOR ACCOMPLISHMENTS IN 2020: TOGETHER WITH KRL STAFF, AND UNDER UNPRECEDENTED CONSTRAINTS CAUSED BY THE COVID-19 PANDEMIC, BPL KEPT THE BUILDING OPEN AND UNDER CONTINUOUS IMPROVEMENT. IN ADDITION TO MANY SMALLER PROJECTS, MAJOR PROJECTS INCLUDED: CONSTRUCTION AND INSTALLATION OF MUCH-IMPROVED RAINWATER HANDLING. DESIGN AND INSTALLATION OF A NEW HVAC AND VENTILATION SYSTEM FOR THE FRIENDS' WORK AND STORAGE ROOMS. STABILIZATION AND REINFORCEMENT OF A MAJOR STRUCTURAL BEAM WHICH WAS TWISTING. DESIGN AND CONSTRUCTION OF NEW GATES FOR THE FRONT GARDEN (INSTALLATION COMPLETED IN 2021). UPGRADED AIR FILTRATION TO MERV 13 IN THE MAIN LIBRARY HVAC SYSTEM. ENGAGED A PROFESSIONAL BUILDING INSPECTOR TO IDENTIFY AREAS IN NEED OF REPAIR AND MAINTENANCE AND INCORPORATED FINDINGS INTO PLANNING. 295459 1 1 0 0 0 0 0 1 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 WA X THE ORGANIZATION 2068424162 1270 MADISON AVE N BAINBRIDGE ISLAND WA 981102721 X BRUCE WHITE BOARD MEMBER 20.00 X 0 0 0 CAROL SCHUYLER PRESIDENT 4.00 X X 0 0 0 CARYL GROSCH BOARD MEMBER 2.00 X 0 0 0 CHARLES BROWNE SECRETARY 3.00 X X 0 0 0 DENTON KIEHLE BOARD MEMBER 4.00 X 0 0 0 ERIC WEISSMAN TREASURER 5.00 X X 0 0 0 KIP BANKART BOARD MEMBER 2.00 X 0 0 0 KATHERINE BOLLES VICE PRESIDENT 1.00 X X 0 0 0 LYNN MCINTYRE BOARD MEMBER 3.00 X 0 0 0 RACHELLE CASTLEBERRY BOARD MEMBER 2.00 X 0 0 0 TRESE WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 ELIZABETH CROMWELL BOARD MEMBER 2.00 X 0 0 0 WALTER YUND BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 312915 312915 56337 56337 107540 108316 -776 -776 -776 50000 33619 16381 16381 16381 4103 3167 936 936 LIBRARY BOARDROOM RENT 531190 2702 2702 2702 388495 0 1926 73654 198 41 74 83 13872 537 12540 795 1094 1094 957 882 75 759 450 309 25564 25564 157236 157236 7622 7622 REPAIR & MAINTENANCE 94248 94248 MISCELLANEOUS 3614 3614 LIBRARY U 3423 3423 FEDERAL TAXES 2627 2627 4371 3279 1092 315585 295459 17770 2356 29975 23827 158587 167040 5574352 2458736 3209635 3115616 1166960 1292752 1304082 1517783 5869239 6117018 11711 8660 57057 68768 8660 X 4986137 5242358 814334 866000 5800471 6108358 5869239 6117018 72910 238354 -3377 0 X X 1 X 0 1 0 X 446980 277990 276142 270696 312915 1584723 676 676 447656 277990 276142 270696 312915 1585399 0 0 0 1585399 65823 79403 69594 67275 56337 338432 65823 79403 69594 67275 56337 338432 513479 357393 345736 337971 369252 1923831 0.82410 0.82130 0.17590 0.17870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 1301625 49000 165260 1515885 1018846 77000 206779 1000 1301625 1026425 87000 -92579 2000 1018846 862793 24000 141382 1750 1026425 779061 83732 862793 0 0 867928 867928 4160959 2038516 2122443 481433 372082 109351 64032 48138 15894 3115616 EMERGING MARKETS STOCK INDEX 132405 F EUROPEAN STOCK INDEX 125543 F HI-YIELD CORPORATE BONDS 119882 F INFLATION PROTECTED SECURITIES 119808 F PACIFIC STOCK INDEX 132900 F REIT INDEX FUND 57182 F SHORT-TERM CORPORATE INVESTMENT GRADE BONDS 119089 F SMALL CAP INDEX 209649 F TOTAL STOCK MARKET INDEX 206211 F FEDERAL MONEY MARKET 4797 F GLOBAL CAPITAL CYCLES 65286 F 1292752 MEMORIAL AND SCULPTURES 1898 ENDOWMENT (2 ACCOUNTS) 1515885 1517783 X PART X, LINE 2: THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVE, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX AT DECEMBER 31, 2020. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES THAT IT IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2017. PART III, LINE 3 AND PART III, LINE 4 PART III,3(A): THE ORGANIZATION'S COLLECTIONS CONSIST OF DONATED ARTWORK. IT IS THE ORGANIZATION'S POLICY NOT TO RECOGNIZE ITS COLLECTIONS AS ASSETS IN THE FINANCIAL STATEMENTS. PART III, 4: THE ORGANIZATION'S COLLECTIONS CONSIST OF HAIKU NO NIWA GARDEN; BAY OTTERS (BRONZE SCULPTURE); BIRDS IN FLIGHT (WOOD AND STEEL BENCH); THE MEMORY OF THE WORLD (CAST BRONZE MEDALLIONS); UNTITLED (BENCH OF CONCRETE AND FOUND OBJECTS); THE WAITING BENCH (MADE FROM TREES ON THE SITE); UNTITLED (GLASS, COPPER AND WOOD DOOR); UNTITLED (OIL PAINTING AND CAST GLASS CEILING); READING HANDS (METAL COMPUTER-BACK SCREENS); MANDORLA AND ELIPSE (GUT AND FOUND OBJECTS); GALILEA (GUT AND FOUND OBJECTS); WILDFLOWER BOUQUET (WATERCOLOR); BLUE SEA (OIL/TEMPERA); THE CORNERSTONE( CARVED GRANIDIORITE FOUND ON SITE); CONTEMPLATING BAINBRIDGE ISLAND UNDER A BLUE MOON (WATERCOLOR ASSEMBLAGE); ALPENTAL 2 (BLACK AND WHITE PHOTOGRAPH); SEA FORM SET (GLASS SCULPTURE); WELCOME WAGON QUILT; DEDICATED TO THE VISION OF DR. AND MRS. JAMES HODGES (BLACK AND WHITE PHOTO PORTRAITS); UNTITLED TOTEM POLE; PUZZLE TABLES; A RAINBOW OF SIX STORY STOOLS; READING SOFA; PARADE OF THE ELEMENTS (SHADOWBOX PAINTING); UNTITLED (ETCHED GLASS PANELS); GLASSABET (FUSED GLASS TILES); FANCIFUL STEP STOOLS: FRESH FISH AND CARMEN MIRANDA); PEACEABLE KINGDOM PRINT; AQUARIUM; A HISTORY OF BAINBRIDGE ISLAND (MAP QUILT). THE COLLECTION FURTHERS OUR EXEMPT PURPOSE IN THAT THE ITEMS ARE DISPLAYED TO AND USED BY THE PUBLIC AND ARE PRESERVED FOR FUTURE GENERATIONS. PART V, 4: THE INTENDED USE OF THE INCOME FROM THE FRIENDS OF THE LIBRARY ENDOWMENT IS TO HELP SUPPORT PROGRAMS, SERVICES, PHYSICAL EXPANSION OF FACILITIES, AND OPERATIONAL EXPENSES OF THE BAINBRIDGE ISLAND PUBLIC LIBRARY. THE INTENDED USE OF THE CYNTHIA HARRISON ENDOWMENT FUND IS TO PROVIDE ANNUAL AWARDS FOR TUITION AND RELATED EDUCATIONAL EXPENSES FOR EMPLOYEES OF KITSAP REGIONAL LIBRARY OR KITSAP REGIONAL LIBRARY VOLUNTEERS TO SUPPORT/FURTHER THEIR EDUCATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 AND FORM 990-T ARE DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MONITORS AND ENFORCES COMPLIANCE WITH CONFLICT OF INTEREST POLICY THROUGH THE BPL CODE OF ETHICS WHICH DETAILS DIRECTORS AND OFFICERS' OBLIGATIONS REGARDING A CONFLICT OF INTEREST. ALL BOARD MEMBERS RECEIVE A COPY OF THE CODE OF ETHICS WHICH THEY MUST AGREE TO SIGN ACKNOWLEDGING THEIR AGREEMENT WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1 BAINBRIDGE PUBLIC LIBRARY USES MODIFIED CASH BASIS OF ACCOUNTING. NO CHANGE FROM PRIOR YEAR. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.